News Summary
In a surprising announcement, Joann, the popular fabric and craft retailer, will be closing about 500 of its 800 U.S. stores. This decision follows financial difficulties, including a recent bankruptcy filing. Massachusetts is notably affected, with nearly all stores shutting down, except for one in Milford. The closures span 49 states, with California seeing the highest number of store losses. Joann aims to adapt to changing retail dynamics and is committed to supporting its workforce during this transition.
Joann Stores Close Their Doors Across the Nation
In an abrupt turn of events, Joann, the beloved fabric and craft retail chain, has announced that it will close approximately 500 of its over 800 stores across the United States. This decision follows several waves of financial turbulence, including the company’s second bankruptcy filing in just one year, with the most recent occurring in January 2025.
Massachusetts Feeling the Pinch
For residents in Massachusetts, the news may come as a disappointment, as all but one Joann store will be shutting down. The closing sales kicked off on February 15, 2025, and bargain hunters can expect discounts of 10-20% store-wide, with some holiday items, particularly Christmas-themed merchandise, slashed by an impressive up to 75%. Only the Milford location is slated to remain open, while other Joann spots in the Bay State will close their doors for good.
The Big Picture
This closure spans across 49 states, with Hawaii being the only state left unaffected by the cutbacks. Notably, California is hit the hardest, losing 61 stores, while Florida and Michigan are also facing significant impacts with the closure of 36 and 33 stores, respectively. Ohio, Pennsylvania, Illinois, New York, Washington, Indiana, and Massachusetts follow closely behind, with their share of affected locations.
What’s Driving the Changes?
Joann has cited a need to “right-size its store footprint,” aiming to adapt to the ongoing changes in the retail sector, such as rising shipping costs and a noticeable drop in consumer demand. These challenges are not unique to Joann; many retailers are reevaluating their physical presence, leading to a wave of closures from various other major chains like Macy’s and Party City.
Aiming for a Brighter Future
Despite the drastic downsizing, Joann is putting its best foot forward as it moves through this restructuring phase. The company has received court approval for its restructuring plan, and it’s committed to supporting its workforce throughout this transition. For the crafters and sewists who hold Joann dear, the company aims to continue providing the necessary services to its committed customer base.
Gift Cards and Shopping Policies
Customers can breathe easy when it comes to their gift cards; Joann will continue to accept these for in-store purchases. However, they won’t be valid for any online orders during this transition period. So, if you have a Joann gift card, it’s a good time to swing by your local store before they close.
Looking Ahead
Although this news is quite somber for many loyal Joann fans, it reflects a broader trend affecting retailers all around the country. While it’s never easy to say goodbye to familiar shopping spots, the hope is that Joann can emerge stronger and more focused on meeting the needs of its creative community. So grab those scissors and sewing needles while you can! With significant discounts and a rush of sadness in the air, it’s a chance to stock up before the lights go out for good at most of Joann’s locations.
Deeper Dive: News & Info About This Topic
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